When Monday comes and the market realizes that the "Trade deal" is less of a deal and more of a soft touch and window dressing there could come a reaction and the markets that rose sharpest will see a correction.
Looking at the 4h chart on the DAX we see it has entered oversold territory on the RSI and the pinbar suggest that the break above the bearish trendline is a fake out.
You could go for a short trade as in more of a corrective move or for the long trade down toward support.
Looking at the 4h chart on the DAX we see it has entered oversold territory on the RSI and the pinbar suggest that the break above the bearish trendline is a fake out.
You could go for a short trade as in more of a corrective move or for the long trade down toward support.
Zlecenie aktywne:
Not the move I expected today, but still a valid trade. I guess no one makes a move in DAX until the German data is presented tomorrow.
Zlecenie zamknięto ręcznie:
Closed at break even before German data release.